Consolidate Student Loans Today!

One Lender and One Monthly Payment Fixed Interest Rates Multiple Repayment Options No Prepayment Penalties Balance Forgiveness Defaulted Student Loan Assistance Free, Fast Pre-Approval

Federal Student Loan Consolidation

Are you a recent college graduate?  Do you have multiple loans with multiple lenders?  Have your deferment or forbearance options expired.  Are you struggling to keep up with your monthly payments?  If you answered yes to any of these questions, a federal consolidation loan may be the answer you have been looking for.

Student loan consolidation loans allows borrowers to combine one or more of their Federal education loans into a new consolidated student loan that offers many advantages:

• One Lender and One Monthly Payment: With only one lender and one monthly payment due for student loans, it is now easier than ever for borrowers to manage their student loan debt. Borrowers have only one lender, the U.S. Department of Education, for all loans included in a Direct Consolidation Loan
• Flexible Consolidation Repayment Options: Borrowers can choose from multiple repayment plans with various term selections to repay their consolidation loan(s), including an Income Contingent Repayment and an Income-Based Repayment Plan. These plans are designed to be flexible to meet the different and changing needs of borrowers. With a student consolidation loan, borrowers can switch repayment plans at anytime. If you select the IBR Plan and want to change at a later date, your only option will be the Standard Plan.
• Minimum or Maximum Student Loan Amounts: There is no minimum amount required to qualify for a Direct Consolidation Loan or Student Loan Consolidation program.
• Reduced Student Loan Monthly Payments: A consolidation loan may ease the strain on a borrower's budget by lowering the borrower's overall monthly payment. The minimum monthly payment on a consolidation loan may be lower than the combined payments charged on a borrower's Federal education loans. There is no easier way to find out if you qualify for a student loan consolidation.

Apply Now or call 800-639-3043 for a FREE CONSULTATION and FREE PRE-APPROVAL!

 

Consolidating your Student Loans with e-Student Loans:

• No Minimum Income Requirement
• No Minimum or Maximum Loan Amounts
• One Lender and One Monthly Payment
• Varied Deferment Options
• Reduced Monthly Payments
• Flexible Repayment Plans including: Standard, Extended Standard, Graduated, Income Based (IBR), and Income Contingent (ICR) Repayment Terms
• Programs Available for Loans in Default
• Balance Forgiveness for Qualified Applicants
• No Prepayment Penalties
• Fast Pre-Approval

 

Call us at 800-639-3043 or Apply Now for your FREE CONSULTATION and FREE PRE-APPROVAL! 

 

Should I Consolidate My Student Loans?

1.      Are your monthly payments on student loans manageable? If you are struggling to meet your monthly payment obligations, expired your deferment or forbearance options, or are trying to avoid defaulting on your loans, apply now for a federal consolidation loan.

2.      Are you making payments to multiple lenders for student loans?  If you want the convenience of one payment to one lender each month, apply now for a federal consolidation loan.

3.      Are you willing to extended the loan term on student loans in exchange for lower, more affordable payments?  Like a mortgage loan, extending the term on student may increase the total amount you will repay over the life of the loan, but it will reduce the amount you pay monthly, thus making your loan payments more affordable.

4.      Are your student loans delinquent or in garnishment?  If you are soon to fall delinquent, have fallen delinquent, or are in garnishment, for non-payment of student loans, then apply now to find out how to get your loans back current.

5.      Has your income been reduced or are you facing financial hardship?  If so, we offer many flexible repayment plan options, including Income Based (IBR) and Income Contingent (ICR) repayment plans.

 

Call us at 800-639-3043 or Apply Now for your FREE CONSULTATION and FREE PRE-APPROVAL! 

 

Balance Forgiveness for Student Loans:

What is the Public Service Loan Forgiveness (PSLF) Program?

In 2007, Congress created the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on your eligible federal student loans after you have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers. Since you must make 120 monthly payments on your eligible federal student loans after October 1, 2007 before you qualify for the loan forgiveness, the first cancellations of loan balances will not be granted until October 2017. 

What federal student loans are eligible for forgiveness under the PSLF Program?

Any non-defaulted loan made under the William D. Ford Federal Direct Loan Program (Direct Loan Program) is eligible for loan forgiveness. The Direct Loan Program includes the following loans:

• Federal Direct Stafford/Ford Loans (Direct Subsidized Loans)
• Federal Direct Unsubsidized Stafford/Ford Loans (Direct Unsubsidized Loans)
• Federal Direct PLUS Loans (Direct PLUS Loans)—for parents and graduate or professional students
• Federal Direct Consolidation Loans (Direct Consolidation Loans)

NOTE: To qualify for forgiveness of a parent PLUS Loan you, the parent borrower, not the student on whose behalf you obtained the loan, must be employed by a public service organization.

How can other federal student loans become eligible for loan forgiveness under the PSLF Program?

Although loan forgiveness under this program is available only for loans made and repaid under the Direct Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidation Loan.  However, only payments made on the Direct Consolidation Loan will count toward the required 120 monthly payments.  The following loans may be consolidated into the Direct Loan Program:

Federal Family Education Loan (FFEL) Program loans, which include:

• Subsidized Stafford Loans
• Unsubsidized Stafford Loans
• Federal PLUS Loans—for parents and graduate or professional students
• Federal Consolidation Loans (excluding joint spousal consolidation loans)
• Federal Perkins Loans
• Certain Health Professions and Nursing Loans

NOTE: To consolidate a Federal Perkins Loan or Health Professions or Nursing Loan into the Direct Loan Program, you must also consolidate at least one FFEL Program loan or Direct Loan. 

What are the borrower eligibility requirements for loan forgiveness under the PSLF Program?

• You must not be in default on the loans for which forgiveness is requested.
• You must be employed full time by a public service organization when making each of the required 120 monthly loan payments, at the time you apply for loan forgiveness; and
• at the time the remaining balance on your eligible loans is forgiven.

What are the speciic loan repayment requirements for loan forgiveness under the PSLF Program?

You must have made 120 separate monthly payments after October 1, 2007, on the Direct Loan Program loans for which forgiveness is requested.  Earlier payments do not count toward meeting this requirement.  Each of the 120 monthly payments must be made for the full scheduled installment amount within 15 days of the due date.

What are the specific loan repayment requirements for loan forgiveness under the PSLF Program?

The 120 required payments must be made under one or more of the following Direct Loan Program repayment plans:

• Income Based Repayment (IBR) Plan (not available to parent Direct PLUS Loan borrowers)
• Income Contingent Repayment Plan (not available to parent Direct PLUS Loan borrowers)
• Standard Repayment Plan with a 10-year repayment period

 Any other Direct Loan Program repayment plan; but only payments that are at least equal to the monthly payment amount that would have been required under the Standard Repayment Plan with a 10-year repayment period may be counted toward the required 120 payments 

What types of public service jobs will qualify a borrower for loan forgiveness under the PSLF Program?

You must be employed full time (in any position) by a public service organization, or must be serving in a full-time AmeriCorps or Peace Corps position. Organizations that meet the definition of “public service organization” for purposes of the PSLF Program are listed below.

• A government organization (including a federal, state, local, or tribal organization, agency, or entity; a public child or family service agency; or a tribal college or university);
• A non-proit, tax-exempt organization under section 501(c)(3) of the Internal Revenue Code (includes most not-for­profit private schools, colleges, and universities);
• A private, non-profit organization (that is not a labor union or a partisan political organization) that provides one or more of the following public services:
• Emergency management
• Military service
• Public safety
• Law enforcement
• Public interest law services
• Early childhood education (including licensed or regulated health care, Head Start, and state-funded pre-kindergarten)
• Public service for individuals with disabilities and the elderly
• Public health (including nurses, nurse practitioners, nurses in a clinical setting, and full-time professionals engaged in health care practitioner occupations and health care support occupations)
• Public education
• Public library services
• School library or other school-based services

 

Call us at 800-639-3043 or Apply Now for your FREE CONSULTATION and FREE PRE-APPROVAL!